Tax Holiday Program to Cover 18 Sectors

Jakarta: The Coordinating Ministry for Economic affairs has confirmed that the tax holiday program will be expanded to cover a total 18 sectors.

The ministry announced the sixteenth economic policy package this morning. The policy package comprises three main policies namely expansion of the tax holiday program, adjustment of the negative investment list (DNI) and strengtheninng of rules on repatriating revenue from resource exports.

"The scope of the expansion is quite signifant," the ministry's deputy for macroeconomics and financial affairs Iskandar Simorangkir told reporters on Friday.